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Warburg Pincus to buy Future Capital: source
U.S. private equity firm Warburg Pincus LLC has agreed to buy a controlling stake in financial services company Future Capital Holdings for 5.5 billion rupees, a source with direct knowledge said on Monday. Warburg will pay 162 rupees per share, an 18 percent premium to Future Capital's Friday closing price, for a 53.7 percent stake. Future Capital, which is currently controlled by Pantaloon

Indian shares fall on global econ fears

India's benchmark BSE index falls 0.9 percent, after earlier hitting its lowest since Jan 9 on global economy fears, but trims some of its earlier losses. Some bargain hunting lifts blue chips such

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China to make plans for Greek euro exit risk - sources

The Chinese government has called on key agencies including the central bank to come up with plans to deal with the potential economic risks of a Greek withdrawal from the euro zone, three sources

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Brent crude drops to 16-month low on bleak economic data

Brent crude prices fell below $97 a barrel to a 16-month low on Monday, as weak U.S. and Chinese economic data fanned renewed fears of a global economic slowdown, which would hit oil demand. Brent

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Aviation ministry proposes slashing jet fuel taxes

The civil aviation ministry has proposed slashing state taxes on jet fuel, which may significantly bring down costs for ailing local airlines that are reeling under a debt load of $20 billion and

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Rupee at 1-wk high; some see bottom

The Indian rupee rose on Monday to its highest against the dollar in a week, despite a steep sell-off in global risk assets, on the back of dollar sales by corporates and exporters, as well as

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